We Drive What We Eat
Monday, July 14th, 2008(click image for slightly larger view)
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The corn it takes to fill your tank could feed a child for a year according to the U.N.
(click image for slightly larger view)
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The corn it takes to fill your tank could feed a child for a year according to the U.N.
Daimler paid $650 million to unload Chrysler to Cerberus.
Auto makers want the international trade commission to end steel tariffs. The high price of steel hurts car sales. The U.S. auto industry is losing jobs.
This must create a dilemma for protectionists like U.S. Senate candidate, Sherrod Brown.
General Motors announced 30,000 more job cuts. The company is under pressure from Kirk Kirkorian, who according to the Washington Post, owns 9.9% of the company's shares. This reminds me of another old economy company facing a shareholder revolt: Knight Ridder, owner of many newspapers and boss of me. Newspaper circulation is falling and ad revenue is being Googled. That's why you're reading this blog. Run out and ask about 10 million of your friends to do the same. Now. And while you're at it pick up a newspaper. After rebates and the extended employee discount you should find it very affordable.
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